Microsoft Corporation has reported an increase in earnings for its third quarter compared to the same period last year, surpassing Wall Street projections. The company declared earnings of $21.94 billion, equating to $2.94 per share. This is an improvement from the previous year's third quarter, where earnings were $18.3 billion or $2.45 per share.
Analysts had predicted average earnings of $2.63 per share, as compiled by Thomson Reuters; these estimates typically do not include exceptional items.
Revenue for the quarter also grew by 17%, rising to $61.86 billion from the previous year's $52.86 billion.
On viewing these results under generally accepted accounting principles (GAAP), Microsoft Corporation's third quarter earnings show a substantial increase - from $18.3 billion last year to $21.94 billion this year. Similarly, earnings per share (EPS) have risen from $2.45 to $2.94, and revenue has increased from $52.86 billion to $61.86 billion.
